How much does electricity cost in Belize?

Belize’s utility rates are approximately $0.22 per kilowatt-hour (kWh), lower than the Caribbean regional average of $0.33/kWh because of existing renewable energy projects, but still high compared with U.S. mainland rates.

What is Belize Natural Energy Limited?

Belize Natural Energy Limited (BNE) is a Belizean company with world-class standards that was founded on the vision that oil and gas would positively transform Belize. Since the first commercial oil discovery, BNE has established itself in this sector.

Why is Belize included in this energy Snapshot series?

Although not an island nation, Belize is included in this energy snapshot series because of the small diesel systems used to power its islands and the fact that it is a member of the Caribbean Community (CARICOM), an alliance of 15 Caribbean nations in the region.

How can Belize achieve a low-carbon community by 2033?

This strategy estab-lishes a framework for transitioning Belize’s energy sector and recommends programs and action plans for achieving a low-carbon community by 2033 through improved energy eficiency and conservation measures as well as increased development of the country’s renewable energy resources.

Where does the energy in Belize come from?

Almost half the energy in Belize comes from hydroelectric power and biomass. BEL purchases 71.5% of its electricity from five domestic independent power producers (IPPs) which produce much of the remaining energy—about 55.6%—of all the electrical needs of the country, and about 40% from a Mexican government-owned electric utility.

How many kilowatts can a private company generate in Belize?

Private entities are allowed to generate up to 75 kilowatts of power, after which licensing requirements apply. Almost half the energy in Belize comes from hydroelectric power and biomass.